LTC Properties (LTC) Misses Q1 EPS by 9c

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Go back to LTC Properties (LTC) Misses Q1 EPS by 9c

LTC Reports 2021 First Quarter Results and Discusses Recent Activities

April 29, 2021 4:15 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for its first quarter ended March 31, 2021.

Net income available to common stockholders was $13.6 million, or $0.35 per diluted share, for the 2021 first quarter, compared with $63.4 million, or $1.60 per diluted share, for the same period in 2020. Funds from Operations (FFO) was $24.3 million for the 2021 first quarter, compared with $29.2 million for the comparable 2020 period. FFO per diluted common share was $0.62 and $0.74 for the quarters ended March 31, 2021 and 2020,... More